Buying a car v/s Uber or ola : An analysis. Any car in india cost atleast Rs 6,00,000 Scrap value after six year - Rs 1,00,000 Net amount goes in effective Life of six year Rs 5,00,000 Nos of days of six yr is 2200 days So Rs. 5,00,000/2200 = Rs. 230 /day Yearly insu Rs 15000 = Rs 41/day Daily petrol minimum = Rs 100/Day After every 3 yr tyre & Battery change charge Rs 25,000 i.e. = Rs. 23/day Yearly maintanance of Car Rs 9000 i.e = Rs 25/day If driver employed =Rs 300/day Plus interest loss on Car buying amount @8% on Rs 6,00,000 = Rs 131/day _______________ So total daily exp is After buying new car = Rs 850/day ------------------------ So friends untill you pay Rs 850 daily to hire a cab you are effectively in gain travelling in uber or ola. If u agree share for the benefits of all.This is called financial planning. And not to forget the pain of driving and time wasted in trying to find parking.